Mubadala Energy and Masdar to explore opportunities in decarbonisation – The National

Mubadala Energy and Masdar to explore opportunities in decarbonisation – The National

Mubadala Energy, the oil and gas unit of Abu Dhabi’s Mubadala Investment Company, and Masdar have signed an agreement to explore opportunities related to decarbonisation and energy transition initiatives.

The partnership will primarily focus on the Mena region and South-East Asia, while also exploring “other regions of mutual interest”, the companies said on Monday.

The partnership will include “synergistic” areas such as decarbonisation and energy efficiency solutions for oil and gas assets, joint investments in new energy projects and collaboration on emissions management initiatives, they said.